Pune, India -- (SBWIRE) -- 05/16/2018 -- The electronics sector is continuously evolving with new developments. Due to the increase in internet and mobile penetration, there has been rise in the acceptance of online payments and favourable demographics, which has given the companies in the electronic sector, an opportunity to connect with their customers. Thus, rapid growth in electronic sector is one of the major factors, driving the market growth.

The global corrugated boxes market is driven by Asia-Pacific followed by Europe. In 2016, Asia-Pacific accounted for the largest market share of 49.50% and is projected to grow at the highest CAGR, in terms of value, during the forecast period. Steady growth in e-commerce business and food and beverage industry in Asia-Pacific region offers a potential opportunity for the corrugated boxes market to boom during the forecast period. The Europe region has the highest paper recycling rate which is leading to an increased production of corrugated boxes.

Corrugated boxes are used in various applications such as food & beverages, consumer goods, personal care, healthcare, e-commerce and others. Among these, food and beverages segment is expected to grow the highest during the forecast period. In the food and beverage industry, corrugated boxes are used for products such as liquid bottles, fruits & vegetables and processed foods such as readymade pizzas along with confectionary products. In addition, online retailing of food and beverages has also boosted the use of corrugated boxes, resulting in overall market growth.

The global corrugated boxes market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of corrugated boxes market is influenced by the strong growth in e-commerce, rapid growth in the electronic sector and growing demand for product safety. However, government regulation for corrugated boxes and adverse effects on the environment are expected to hinder the growth of the market. In 2016, the global corrugated boxes market was valued at USD 61,229.4 million and is projected to grow at a CAGR of 3.91% during the forecast period.

The report for Global Corrugated Boxes Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Scope of the Report

This study provides an overview of the global corrugated boxes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global corrugated boxes market by its type, by wall construction, by application and regions.

About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.